Indusind Bank New Delhi New Delhi New Delhi MICR CODE

Find MICR Codes for Indusind Bank New Delhi New Delhi New Delhi

MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Barakhamba
Contact 011 23738040 / 8408 / 8407 23738041
Bank Details Indusind Bank Ltd Barakhamba INDB0000005
Location New Delhi, New Delhi
City New Delhi
District New Delhi
State New Delhi
Pincode 110001
Country IN
Address Dr. Gopal das bhawan, 28, barakhamba road, new delhi - 110 001
Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

How does MICR code 110234002 for Barakhamba branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the 110234002 of Indus Bank, Barakhamba branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Barakhamba branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indusind Bank Barakhamba

Indusind Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Indus Bank MICR code for Barakhamba is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. 110234002 is the MICR code of Indusind Bank for Barakhamba branch. MICR code for Barakhamba branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for Indus Bank Barakhamba is presented in the table alongside.

Use of Indus Bank MICR code for Barakhamba branch in new delhi

The MICR code 110234002 is used in RBI cheque clearing process to identify the branch Barakhamba and Indus Bank bank for clearing processes. The MICR characters, which are printed using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. MICR code of Indusind Bank is typically in either of these two font’s: E-138 and CMC-7.

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